Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Momo Dog who wrote (10925)	7/6/1998 6:01:00 PM
From: Fernando Saldanha	Read Replies (1) of 18691

Momo, Zitel crashed many times, but in my view the biggest was on 12/31/96. The high on 12/30/96 was $72 7/8 and Zitel closed at $44 3/8 on 12/31. The candlestick figure was a huge "bearish engulfment." Today NSCP formed a "dark cloud cover," another bearish signal according to candlestick chart analysts. YHOO and AMZN still had "white" candles today. I would wait for a classical bearish sign like the two above mentioned or a "falling star" before shorting. One interesting play that people have perhaps not explored is to buy BKS and sell AMZN. AMZN is now worth twice as BKS, which does not make sense even if the internet stocks continue going up since BKS also sells through the internet.

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